POINT PLEASANT BEACH — The borough has scheduled a May 18 presentation and public hearing on its proposed 2021 municipal budget.
The $15,896,155 spending plan, introduced at the April 20 borough council meeting, represents an increase of $604,509 over the current municipal budget.
This 3.9 percent appropriation increase would trigger an annual municipal tax increase of $62.40 on a home assessed at the borough average of $567,308 — a 2.96 percent hike. The tax rate per $100 would go from .428 to .439.
According to Borough Administrator Christine Riehl, the amount to be raised by taxes is $8,954,769, which is $257,641 more than for 2020.
The proposed appropriations include $6,793,987 in operating expenses, salaries and wages, $4,895,743 in other expenses, $1,627,552 in deferred charges, $155,000 in capital improvements, $1,931,433 in debt service and $492,440 in reserve for uncollected taxes amounting to the total general appropriations at $15,896,155.
The borough’s current surplus is $1,195,000 with total miscellaneous revenues coming in at $5,416,386 and receipts from delinquent taxes at $330,000.
Ms. Riehl said some of the capital projects covered in the 2021 budget are town-wide security cameras, a new sanitation truck, water valve exercising and an inlet access improvement project.
The budget also addresses many road improvements on Central Avenue, Ocean and Arnold avenues with curb work, road repairs to Harvard Avenue and Danby Place and preliminary work for Route 35 South for future water main replacement.
The borough will hold a public presentation and hearing during its May 18 meeting before its vote for approval.
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